Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$134,306$134,306$247,500
Remaining term (yrs)21.621.630.0
Secondary amount$0$113,194$0
Funding fee$0$0$0
Note rate4.420%4.420%7.320%
Blended rate5.270%6.519%7.560%
1st payment$801.84$801.84$1,700.15
2nd payment$0.00$754.63$0.00
Taxes / mo$203.25$203.25$203.25
Insurance / mo$150.00$150.00$150.00
MI / mo$113.15$113.15$49.50
HOA / mo$25.00$25.00$25.00
Total monthly$1,293.24$2,047.87$2,127.90
Cash to close$140,694$27,500$27,500